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‘7 South Korean Securities Firms Will Launch Crypto Exchanges in 2023’ – Report
23.8.2022
A slew of major South Korean securities companies – many of which may be affiliated with major commercial banks and business groups – could be set to launch crypto exchange platforms as early as next year.
Per Newspim, “seven large domestic securities companies” have already applied to financial...
South Korean financial majors want to create virtual assets exchange in 2023: Report
22.8.2022
Samsung Securities, Mirae Asset Securities and Shinhan Financial Investment are among the financial heavyweights in talks with the government to create the exchange
Korean Regulator Takes Action Against 16 Foreign Crypto Exchanges
20.8.2022
The South Korean financial intelligence unit is taking action against 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities of unregistered entities, maximum of 5 years of imprisonment or up to KRW 50 million of fines can...
South Korean Kok Play Token Masterminds Reportedly Face Prosecution Probe, Investors 'Must Escape Now'
19.8.2022
South Korean prosecutors are reportedly set to investigate the company behind an Ethereum (ETH)-based altcoin named Kok Play over allegations of fraud.
The coin is, per its white paper, the brainchild of the Kok Foundation, and has been listed on a number of large international crypto exchanges....
KuCoin & 15 More Crypto Exchanges Face Ire of South Korean Regulator
18.8.2022
Sixteen international crypto exchanges – including KuCoin and the Mexican heavyweight MEXC – have landed in hot water with South Korean financial regulators for failing to comply with local guidelines and allegedly courting domestic clients without operating permits....
Read More: KuCoin & 15 More...
Bukele Takes a Laugh at South Korean Drama Featuring a Crypto-loving Character Based on Him
10.8.2022
The latest episode of a South Korean drama series about scorned women looking for revenge featured a character based on the El Salvadoran President Nayib Bukele – and the Bitcoin (BTC)-keen leader is looking on the light side.
The drama in question is named “Becoming Witch” and is currently airing...
South Korean Web 2 Metaverse Platform Zepeto Gets a Web3 Makeover
10.8.2022
The new platform, which is being built on the Solana blockchain, is a collaboration between Naver-owned Zepeto and Jump Crypto, the cryptocurrency arm of U.S.-based Jump Trading
Report: Samsung Signs MOU to Build Galaxy NFT Ecosystem
10.8.2022
Korean electronic goods producer Samsung Electronics recently signed a memorandum of understanding (MOU) with six companies that will collaborate to build the Galaxy NFT ecosystem. Galaxy NFT Ecosystem South Korean electronics maker, Samsung Electronics, recently signed a memorandum...
Crypto.com Receives South Korean Regulatory Licenses After Buying Local Firms
8.8.2022
The firm did not disclose the deal size
South Korean Banks May Be in Trouble as Regulator Probes Kimchi Premium Bitcoin ‘Irregularities’
4.8.2022
South Korean banks could find themselves in the firing line after the government, media outlets, and regulators stepped up the scrutiny of the banks' role in enabling kimchi premium traders to make fast money when trading volumes rise....
Read More: South Korean Banks May Be in Trouble as Regulator...
Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade Levies
3.8.2022
South Korea’s tax administration has pledged to take strict measures against tax evasion through virtual assets and platforms. While the Korean government is yet to start taxing capital gains resulting from crypto investment and trading, authorities in Seoul claim cryptocurrencies have been...
South Korean Prosecutors Wrap up Terra Raids on Exchanges, Tech & VC Firms
2.8.2022
A more than week-long prosecution raid of South Korean crypto exchanges and companies linked to Terraform Labs has finally come to an end, with officers admitting that finding the information they were after was challenging.
As reported, the Seoul Southern District Prosecutors’ Office-run Joint...
FTX in Talks to Buy South Korean Crypto Exchange Bithumb: Report
26.7.2022
Bithumb’s parent company is considering both an outright sale or entering into joint ownership
Report: South Korean Prosecutors Raid Home of Terraform Labs Co-Founder
25.7.2022
A team of South Korean prosecutors recently raided the home of Terraform Labs co-founder Shin Hyun-seong. During an earlier raid that targeted 15 places, including seven cryptocurrency exchanges, the prosecutors reportedly secured terra transaction data. Seven Cryptocurrency Exchanges Targeted...
Prosecutors Raid Home of Terra Co-Founder Daniel Shin as Do Kwon Returns to Twitter
22.7.2022
The South Korean prosecution service’s recent raid of 15 locations as part of the probe into the “Terra (LUNAC) incident” saw officers search the home of the Terraform Labs co-founder Daniel Shin.
Prosecutors are widely reported to be looking at evidence pertaining to figures at the top of...
South Korean Prosecutors Raid Terra Co-Founder Daniel Shin's Home: Report
22.7.2022
South Korean authorities are continuing their investigation into fraud allegations at the center of the Terra collapse
New South Korean Crypto Regulator ‘Days Away from Launch’, Government Confirms
21.7.2022
The South Korean government is set to come good on a promise to launch a new regulatory agency that will govern the domestic crypto sector in the wake of what it calls the “Terra (LUNAC) incident.”
As reported in late May, the body has been tentatively named the Digital Assets Committee (literal...
South Korean authorities raid 15 entities linked to Terra collapse: Report
20.7.2022
The Seoul Southern District Prosecutors Office reportedly raided the offices of crypto exchanges Upbit, Bithumb, Coinone, Korbit and Copax, among others on Wednesday
South Korean Regulators Close the Net on Opportunistic Kimchi Premium Traders
19.7.2022
A South Korean financial regulator is set to go on the warpath in search of kimchi premium traders – and is vowing to bring suspected offenders to justice.
As previously reported, the kimchi premium is a phenomenon in the crypto trading markets whereby bitcoin (BTC) and altcoins trade on domestic...
KEB Hana, A South Korean Bank, Expands to the Sandbox
18.7.2022
KEB Hana has entered into the virtual space of The Sandbox as a part of its global virtual expansion. KEB Hana is a South Korean bank that will now offer its services in the metaverse by opening a branch. Users can access the virtual brand of the South Korean bank and avail of the basic …